Luxury Clothing Market Trends, Business Overview, Industry Growth and Forecast to 2027

The luxury fashion market is projected to reach USD 153 billion by 2026, from USD 110 billion in 2020, at a CAGR of 5.3% during the forecast period. Millennials and Gen Z are key drivers of the luxury fashion industry. This may be due to a high focus on experiences, a willingness to pay extra for premium products, and an openness to experimenting with new things.

Key Players

• Kering SA
• Hermes International S.A
• Versace
• Prada
• Dolce and Gabbana
• Burberry Group Inc
• LVM
• Louis Vuitton S.E
• Giorgio Armani S.P.A
• Ralph Lauren Corporation
• Ermenegildo Zegna
• Kiton
• Hugo Boss A.G

Market – Segmentation

Segments by Type

• Cotton
• Leather
• Silk
• Denim
• Others

Segments by Application

• Men
• Women

Scope of the Report

The research study analyses the Global Luxury Clothing Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis

o Import and Export Overview

o Volume Analysis

o Current Market Trends and Future Outlook

o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

• o North America Market Size and/or Volume
• o Latin America Market Size and/or Volume
• o Europe Market Size and/or Volume
• o Asia-Pacific Market Size and/or Volume
• o Rest of the world Market Size and/or Volume

Key Questions Answered by Luxury Clothing Market Report

1. What was the Luxury Clothing Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of Luxury Clothing Market during the forecast period (2021-2027)?

3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).

4. Which manufacturer/vendor/players in the Luxury Clothing Market was the market leader in 2020?

5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.